Israeli tech start-up creates a super-power engine to shake up the EV market
【Summary】An Israeli tech company called Aquarius Engine recently put forward its core product to challenge the EV-trend automobile market : a super-efficient power engine that could significantly reduce gas consumption, and at same time, very affordable.
As electric cars are popular these days, major automakers are turning towards this path to develop their next-generation green cars. These cars run on battery power. Yet some other companies are going down a different route. This new path has led them to optimize the engine so that fuel consumption is as efficient as it can be.
An Israeli tech company called Aquarius Engine recently put forward its core product to challenge the newest EV-trends in the automobile market. They've come up with a super-efficient power engine that could significantly reduce gas consumption, and at same time, it's very affordable.
"It is the highest efficiency you will probably meet," Aquarius co-founder Gal Fridman told AFP at the company's offices near the Israeli commercial capital of Tel Aviv.
"It has the lowest emissions and the highest power-to-weight ratio," he added.
The engine enables cars to travel over 990 miles on a single tank, more than doubling the current typical engine's distance capacity. The magic behind it is that the technology works by stripping back the traditional engine under the bonnet -- by replacing the combustion engine with its multiple pistons thrusting up and down with a single piston that goes side-to-side.
According to Aquarius, the engine has less than 20 parts and a single action, which can simplify manufacturing processes and reduce production costs. What's even better, the engine will only cost around 100 dollars.
Price-wise, that sounds really alluring.
The company's aim is to challenge the electric car market, as the current EV technology can't solve short-range problems and higher battery charging fees. Besides, the price of an electric car is often on the upper side compared with traditional engine cars. With such a cheap price and such a high efficiency being provided, Aquarius founders think the power-engine invention can definitely make a strong strike in the market, and added that the technology can also be used to make more efficient back-up generators and other products.
Aquarius was founded in 2014, with the aim to build a revolutionary engine to generate electric power and also change the old internal combustion engine that has existed for 130 years. The company believes that traditional power engines are heavy, bulky and inefficient, and that their invention can bring efficiency and less carbon dioxide emissions to the forefront at a low cost.
The Israeli start-up is currently searching for its third round of investment funding, and hoping that number could reach $40-50 million. Their engine invention is drawing the attention of French automobile giant Peugeot – the two are in talks for possible cooperation in the future. Although no further details were released, experts guess it could be related with a long-range hybrid car.
Claire Peng has over 6 years of professional experience in the media industry, covering TV, newspaper and online media. She was once a reporter and producer for Fairchild Television based in Toronto Canada, and worked as an English news reporter for the Global Times in Beijing. She writes mainly about self-driving, companies investment, and the enterprise lab.
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